The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AETNA INC NEW COM 00817Y108 5,554 87,412 SH   SOLE   87,412 0 0
ALCOA INC COM 013817101 1,173 150,000 SH   SOLE   150,000 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 473 26,495 SH   SOLE   26,495 0 0
AMEDISYS INC Com 023436108 284 24,500 SH   SOLE   24,500 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 10,875 500,000 SH   SOLE   500,000 0 0
AMERICAN TOWER CORP CL A 029912201 1,939 26,502 SH   SOLE   26,502 0 0
AMPHENOL CORP NEW CL A 032095101 1,450 18,602 SH   SOLE   18,602 0 0
ANNALY CAP MGMT INC COM 035710409 129 10,239 SH   SOLE   10,239 0 0
APPLE INC COM 037833100 10,068 25,391 SH   SOLE   25,391 0 0
APPLIED MATLS INC COM 038222105 5,127 343,600 SH   SOLE   343,600 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 5,092 150,150 SH   SOLE   150,150 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 130 27,650 SH   SOLE   27,650 0 0
ARROW ELECTRS INC COM 042735100 10,760 270,000 SH   SOLE   270,000 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 247 6,600 SH   SOLE   6,600 0 0
AVX Corp COM 002444107 358 30,493 SH   SOLE   30,493 0 0
BANK OF AMERICA CORPORATION COM 060505104 14,726 1,145,076 SH   SOLE   1,145,076 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 514 14,085 SH   SOLE   14,085 0 0
BAXTER INTL INC COM 071813109 434 6,265 SH   SOLE   6,265 0 0
BEMIS CO. INC COM 081437105 315 8,050 SH   SOLE   8,050 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 221 1,979 SH   SOLE   1,979 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 7,371 350,000 SH   SOLE   350,000 0 0
BP PLC SPONSORED ADR 055622104 6,263 150,040 SH   SOLE   150,040 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 295 6,595 SH   SOLE   6,595 0 0
BUNGE LIMITED COM G16962105 10,616 150,000 SH   SOLE   150,000 0 0
CAPSTONE TURBINE CORP COM 14067D102 12 10,000 SH   SOLE   10,000 0 0
CENOVUS ENERGY INC COM 15135U109 8,556 300,000 SH   SOLE   300,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3,141 154,100 SH   SOLE   154,100 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 314 5,725 SH   SOLE   5,725 0 0
CIGNA CORP COM 125509109 14,498 200,000 SH   SOLE   200,000 0 0
CISCO SYS INC COM 17275R102 7,596 312,135 SH   SOLE   312,135 0 0
CITIGROUP INC COM 172967101 12,432 259,170 SH   SOLE   259,170 0 0
CONOCOPHILLIPS COM 20825C104 7,169 118,500 SH   SOLE   118,500 0 0
CORINTHIAN COLLEGES INC COM 218868907 101 44,875 SH   SOLE   44,875 0 0
COWEN GROUP INC NEW CL A 223622101 1,431 495,000 SH   SOLE   495,000 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 7,236 273,464 SH   SOLE   273,464 0 0
CST BRANDS INC COM 12646R105 1,883 61,121 SH   SOLE   61,121 0 0
CYS INVESTMENTS INC. COM 12673A108 250 27,150 SH   SOLE   27,150 0 0
DEVON ENERGY CORP COM 25179M103 3,121 60,151 SH   SOLE   60,151 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 15,822 230,000 SH   SOLE   230,000 0 0
DOW CHEM CO COM 260543103 9,657 300,200 SH   SOLE   300,200 0 0
DRYSHIPS INC SHS Y2109Q101 19 10,125 SH   SOLE   10,125 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 7,922 150,900 SH   SOLE   150,900 0 0
EBAY INC COM 278642103 9,594 185,500 SH   SOLE   185,500 0 0
ENCANA CORP COM 292505104 5,082 300,000 SH   SOLE   300,000 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 11,048 300,300 SH   SOLE   300,300 0 0
ENSCO INTL INC COM 26874Q100 11,788 202,815 SH   SOLE   202,815 0 0
EXCO RESOURCES INC COM 269279402 12,148 1,590,000 SH   SOLE   1,590,000 0 0
EXELIS INC COM 30162A108 470 34,100 SH   SOLE   34,100 0 0
EXXON MOBIL CORP COM 30231G102 5,455 60,380 SH   SOLE   60,380 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 7,740 1,000,000 SH   SOLE   1,000,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 326 21,100 SH   SOLE   21,100 0 0
FRANKLIN RES INC COM 354613101 8,161 60,000 SH   SOLE   60,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 27,619 1,000,340 SH   SOLE   1,000,340 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 292 72,012 SH   SOLE   72,012 0 0
GFI GROUP INC COM 361652209 920 235,300 SH   SOLE   235,300 0 0
GILEAD SCIENCES INC COM 375558103 1,863 36,336 SH   SOLE   36,336 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 6,463 128,800 SH   SOLE   128,800 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 16,042 106,064 SH   SOLE   106,064 0 0
GOOGLE INC CL A 38259P508 4,556 5,175 SH   SOLE   5,175 0 0
HEALTH NET INC COM 42222G108 6,364 200,000 SH   SOLE   200,000 0 0
HEWLETT PACKARD CO COM 428236103 18,612 750,500 SH   SOLE   750,500 0 0
HSN INC COM 404303109 1,268 23,600 SH   SOLE   23,600 0 0
IAC INTERACTIVECORP COM NEW 44919P300 2,807 59,000 SH   SOLE   59,000 0 0
INGERSOLL-RAND COMPANY LTD CL A G4776G101 16,656 300,000 SH   SOLE   300,000 0 0
INTEL CORP COM 458140100 10,400 429,225 SH   SOLE   429,225 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 3,065 191,952 SH   SOLE   191,952 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 242 1,265 SH   SOLE   1,265 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 470 23,600 SH   SOLE   23,600 0 0
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 3,559 254,600 SH   SOLE   254,600 0 0
ISHARES INC MSCI ITALY 464286855 131 11,101 SH   SOLE   11,101 0 0
iShares S&P U.S. Preferred Stock Index US PFD STK IDX 464288687 1,011 25,745 SH   SOLE   25,745 0 0
ISHARES TR MSCI EMERG MKT 464287234 250 6,492 SH   SOLE   6,492 0 0
ISHARES TR MSCI EAFE IDX 464287465 381 6,650 SH   SOLE   6,650 0 0
ISHARES TR CORE S&P MCP ETF 464287507 231 2,000 SH   SOLE   2,000 0 0
ISHARES TR RUSSELL1000GRW 464287614 368 5,055 SH   SOLE   5,055 0 0
ISHARES TR RUS200 IDX ETF 464289446 1,275 13,149 SH   SOLE   13,149 0 0
ISTAR FINL INC COM 45031U101 3,387 300,000 SH   SOLE   300,000 0 0
JABIL CIRCUIT INC COM 466313103 8,560 420,000 SH   SOLE   420,000 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 2,159 150,000 SH   SOLE   150,000 0 0
JOHNSON & JOHNSON COM 478160104 293 3,415 SH   SOLE   3,415 0 0
JP MORGAN CHASE & CO COM 46625H100 1,791 33,936 SH   SOLE   33,936 0 0
KLA-TENCOR CORP COM 482480100 599 10,750 SH   SOLE   10,750 0 0
LEGG MASON INC COM 524901105 13,955 450,000 SH   SOLE   450,000 0 0
MANITOWOC INC COM 563571908 2,687 150,000 SH   SOLE   150,000 0 0
MANTECH INTL CORP CL A 564563104 585 22,400 SH   SOLE   22,400 0 0
MARATHON OIL CORP COM 565849106 7,106 100,000 SH   SOLE   100,000 0 0
MARATHON OIL CORP COM 565849106 6,916 200,000 SH   SOLE   200,000 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 375 7,585 SH   SOLE   7,585 0 0
MICROSOFT CORP COM 594918104 20,847 603,462 SH   SOLE   603,462 0 0
MONSANTO CO NEW COM 61166W101 1,252 12,667 SH   SOLE   12,667 0 0
MORGAN STANLEY COM NEW 617446448 18,330 750,300 SH   SOLE   750,300 0 0
NASDAQ OMX GROUP INC COM 631103108 8,217 250,600 SH   SOLE   250,600 0 0
NATIONAL OILWELL VARCO INC COM 637071101 19,097 277,174 SH   SOLE   277,174 0 0
NAVIDEA BIOPHARMACEUTICALS INC COM 63937X103 188 70,500 SH   SOLE   70,500 0 0
NOBLE CORPORATION SHS G65422100 13,153 350,000 SH   SOLE   350,000 0 0
NVIDIA CORP COM 67066G104 4,212 300,000 SH   SOLE   300,000 0 0
NYSE EURONEXT COM 629491101 6,690 161,600 SH   SOLE   161,600 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 1,566 150,000 SH   SOLE   150,000 0 0
ORACLE CORP COM 68389X105 16,051 522,650 SH   SOLE   522,650 0 0
OSHKOSH CORP COM 688239201 8,889 234,100 SH   SOLE   234,100 0 0
PARKER HANNIFIN CORP COM 701094104 19,080 200,000 SH   SOLE   200,000 0 0
PENTAIR LTD SHS H6169Q108 2,768 47,988 SH   SOLE   47,988 0 0
PFIZER INC COM 717081103 11,249 401,623 SH   SOLE   401,623 0 0
PHILLIPS 66 COM 718546104 3,490 59,250 SH   SOLE   59,250 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 376 16,415 SH   SOLE   16,415 0 0
PIPER JAFFRAY COS COM 724078100 10,185 322,200 SH   SOLE   322,200 0 0
PLUM CREEK TIMBER CO INC COM 729251108 52,799 1,131,322 SH   SOLE   1,131,322 0 0
POPULAR INC COM 733174106 9,111 300,000 SH   SOLE   300,000 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 620 24,685 SH   SOLE   24,685 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,863 26,141 SH   SOLE   26,141 0 0
QUALCOMM INC COM 747525103 2,085 34,127 SH   SOLE   34,127 0 0
QUANTA SVCS INC COM 74762E102 1,416 53,497 SH   SOLE   53,497 0 0
RAYTHEON CO COM 755111507 400 6,050 SH   SOLE   6,050 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 14,295 1,500,000 SH   SOLE   1,500,000 0 0
ROWAN COS INC COM 779382100 13,287 390,000 SH   SOLE   390,000 0 0
SASOL LTD SPONSORED ADR 803866300 6,507 150,245 SH   SOLE   150,245 0 0
SCHWAB CHARLES CORP NEW COM 808513105 19,043 897,000 SH   SOLE   897,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 292 3,730 SH   SOLE   3,730 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 2,977 136,000 SH   SOLE   136,000 0 0
SMUCKER J M CO COM NEW 832696405 286 2,769 SH   SOLE   2,769 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 2,487 16,739 SH   SOLE   16,739 0 0
SPDR TR UNIT SER 1 78462F103 491,692 3,065,032 SH   SOLE   3,065,032 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 510 10,264 SH   SOLE   10,264 0 0
STAPLES INC COM 855030102 560 35,260 SH   SOLE   35,260 0 0
SUNEDISON INC COM 86732Y109 4,085 500,000 SH   SOLE   500,000 0 0
SUPERVALU INC COM 868536103 420 67,525 SH   SOLE   67,525 0 0
SYNOVUS FINL CORP COM 87161C105 8,760 3,000,000 SH   SOLE   3,000,000 0 0
TASER INTL INC COM 87651B104 1,559 183,000 SH   SOLE   183,000 0 0
TEREX CORP NEW COM 880779103 5,260 200,000 SH   SOLE   200,000 0 0
TESORO CORP COM 881609101 11,516 220,100 SH   SOLE   220,100 0 0
THE ADT CORPORATION COM 00101J106 3,985 100,000 SH   SOLE   100,000 0 0
TOTAL S A SPONSORED ADR 89151E109 7,305 150,000 SH   SOLE   150,000 0 0
TRANSATLANTIC PETROLEUM LTD SHS G89982105 54 78,300 SH   SOLE   78,300 0 0
TRANSOCEAN INC NEW SHS G90073100 11,745 244,948 SH   SOLE   244,948 0 0
TYCO INTL LTD BERMUDA SHS G9143X208 6,590 200,000 SH   SOLE   200,000 0 0
UBS AG SHS NEW H89231338 6,950 410,000 SH   SOLE   410,000 0 0
UIL HLDG CORP COM 902748102 237 6,200 SH   SOLE   6,200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 16,435 251,000 SH   SOLE   251,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 19,127 550,100 SH   SOLE   550,100 0 0
VANGUARD INTL EQUITY INDEX F MSCI EUROPE ETF 922042874 281 5,848 SH   SOLE   5,848 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 615 15,854 SH   SOLE   15,854 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 298 3,770 SH   SOLE   3,770 0 0
Vanguard Short-Term Bond ETF SHORT TRM BOND 921937827 214 3,925 SH   SOLE   3,925 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 266 2,609 SH   SOLE   2,609 0 0
VANGUARD WORLD FDS UTILITIES ETF 92204A876 758 9,220 SH   SOLE   9,220 0 0
WESTERN DIGITAL CORP COM 958102105 15,523 250,000 SH   SOLE   250,000 0 0
WISDOMTREE TRUST EMERG MKTS ETF 97717W315 208 4,300 SH   SOLE   4,300 0 0
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 244 15,078 SH   SOLE   15,078 0 0
XEROX CORP COM 984121103 150 16,500 SH   SOLE   16,500 0 0
YAHOO INC COM 984332106 2,516 100,125 SH   SOLE   100,125 0 0